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Unitree Robotics' stock price plunged 50% from its intraday high, marking one of the largest declines for a new listing on Shanghai's STAR Market.
Unitree Robotics' stock price fell to 546.51 yuan on Wednesday, down over 50% from its intraday high of 1,100 yuan on its debut day. The company's shares surged as much as 629% when it debuted on Shanghai's STAR Market last month, with its market capitalization once exceeding 340 billion yuan ($51 billion).
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